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Filing Details

Accession Number:: 0001140361-16-069357
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-06-09 19:09:31
Reporting Period:: 2016-06-07

Filing Date:: 2016-06-09
Accepted Time:: 2016-06-09 19:09:31
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1555074	Altisource Asset Management Corp	AAMC	()	DE

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1270742	Lcg Holdings Llc	1114 Avenue Of The Americas 29Th Floor New York NY 10036	No	No	Yes	No
1316580	Luxor Capital Group, Lp	1114 Avenue Of The Americas 29Th Floor New York NY 10036	No	No	Yes	No
1356913	Ltd Offshore Partners Capital Luxor	C/O M&Amp;C Corporate Svcs Ltd Po Box 309 Gt Ugland House George Town E9 KY1-1104	No	No	Yes	No
1479129	Luxor Wavefront, Lp	1114 Avenue Of The Americas 29Th Floor New York NY 10036	No	No	Yes	No
1609548	Thebes Partners Offshore, Ltd.	C/O Maples Corporate Services Limited Box 309, Ugland House Grand Cayman E9 KY1-1104	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $0.01	Disposition	2016-06-07	30,733	$24.31	84,344	No	4	S	Indirect	By Luxor Wavefront, LP
Common Stock, Par Value $0.01	Disposition	2016-06-07	2,067	$24.31	4,076	No	4	S	Indirect	By Thebes Offshore Master Fund, LP
Common Stock, Par Value $0.01	Disposition	2016-06-08	2,984	$21.72	81,360	No	4	S	Indirect	By Luxor Wavefront, LP
Common Stock, Par Value $0.01	Disposition	2016-06-08	144	$21.72	3,932	No	4	S	Indirect	By Thebes Offshore Master Fund, LP
Common Stock, Par Value $0.01	Disposition	2016-06-08	15,465	$22.09	65,895	No	4	S	Indirect	By Luxor Wavefront, LP
Common Stock, Par Value $0.01	Disposition	2016-06-08	747	$22.09	3,185	No	4	S	Indirect	By Thebes Offshore Master Fund, LP

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By Luxor Wavefront, LP
No	4	S	Indirect	By Thebes Offshore Master Fund, LP
No	4	S	Indirect	By Luxor Wavefront, LP
No	4	S	Indirect	By Thebes Offshore Master Fund, LP
No	4	S	Indirect	By Luxor Wavefront, LP
No	4	S	Indirect	By Thebes Offshore Master Fund, LP

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock, Par Value $0.01	Notional Principal Amount Derivative Agreement	Disposition	2016-06-07	4,469	$22.02	4,469	$0.00
Common Stock, Par Value $0.01	Notional Principal Amount Derivative Agreement	Disposition	2016-06-07	2,139	$22.02	2,139	$0.00
Common Stock, Par Value $0.01	Notional Principal Amount Derivative Agreement	Disposition	2016-06-07	4,666	$23.55	4,666	$203.00
Common Stock, Par Value $0.01	Notional Principal Amount Derivative Agreement	Disposition	2016-06-07	71	$23.55	71	$878.71

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
4,666	2017-03-24	Yes	4	S	Indirect
71	2017-03-24	Yes	4	S	Indirect
0	2020-03-25	Yes	4	S	Indirect
0	2020-03-25	Yes	4	S	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, Par Value $0.01	131,200	Indirect	By Luxor Capital Partners Offshore Master Fund, LP

Footnotes

This Form 4 is filed jointly by Luxor Capital Group, LP ("Luxor Capital Group"), Luxor Capital Partners Offshore, Ltd. ("Offshore Feeder Fund"), Thebes Partners Offshore, Ltd. ("Thebes Feeder Fund"), Luxor Wavefront, LP ("Wavefront Fund"), LCG Holdings, LLC ("LCG Holdings"), Luxor Management, LLC ("Luxor Management") and Christian Leone (collectively, the "Reporting Persons").
Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that may be deemed to collectively beneficially own more than 10% of the Issuer's outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
Securities owned directly by Wavefront Fund. Each of LCG Holdings and Luxor Capital Group, as the general partner and investment manager, respectively, of Wavefront Fund, may be deemed to beneficially own the securities owned directly by Wavefront Fund. Luxor Management, as the general partner of Luxor Capital Group, and Christian Leone, as the managing member of each of LCG Holdings and Luxor Management, may be deemed to beneficially own the securities owned directly by Wavefront Fund.
Securities owned directly by Luxor Capital Partners Offshore Master Fund, LP ("Offshore Master Fund"). Offshore Feeder Fund, as the owner of a controlling interest in Offshore Master Fund, may be deemed to beneficially own the securities owned directly by Offshore Master Fund. Each of LCG Holdings and Luxor Capital Group, as the general partner and investment manager, respectively, of Offshore Master Fund, may be deemed to beneficially own the securities owned directly by Offshore Master Fund. Luxor Management, as the general partner of Luxor Capital Group, and Christian Leone, as the managing member of each of LCG Holdings and Luxor Management, may be deemed to beneficially own the securities owned directly by Offshore Master Fund.
Securities owned directly by Thebes Offshore Master Fund, LP ("Thebes Master Fund"). Thebes Feeder Fund, the owner of a controlling interest in, and together with a minority investor, the owner of 100% of the interests in Thebes Master Fund, may be deemed to beneficially own the securities owned directly by Thebes Master Fund. Each of LCG Holdings and Luxor Capital Group, as the general partner and investment manager, respectively, of Thebes Master Fund, may be deemed to beneficially own the securities owned directly by Thebes Master Fund. Luxor Management, as the general partner of Luxor Capital Group, and Christian Leone, as the managing member of each of LCG Holdings and Luxor Management, may be deemed to beneficially own the securities owned directly by Thebes Master Fund.
Notional principal amount derivative agreements (the "Derivative Agreements") in the form of cash settled swaps. The strike prices of the Derivative Agreements range in price from $765.0490 to $1,033.4556.
The Derivative Agreements provide the holders with economic results that are comparable to the economic results of ownership payable on each settlement date applicable to the expiration or earlier termination of such Derivative Agreement, but do not provide such holder with the power to vote or direct the voting or dispose of or direct the disposition of the shares of Common Stock that are the subject of the Derivative Agreements (such shares, the "Subject Shares"). Each of the holders of the Derivative Agreements disclaims beneficial ownership in the Subject Shares. The counterparties to the Derivative Agreements are unaffiliated third party financial institutions.